Tag: KYC

Money laundering is a global issue, undermining economies and enabling illicit activities by disguising illegal funds as legitimate. This pervasive challenge affects financial institutions and high-risk industries, making Anti-Money Laundering (AML) measures essential to combat it effectively.

Lemonway, a prominent pan-European payment institution specialising in marketplace payment processing, has joined forces with Entrust, a global leader in identity verification solutions.

Quantifind, a leading provider of risk intelligence solutions for financial crime compliance, made significant advancements in 2024 to empower organisations with cutting-edge investigative tools. Known for its innovative approach, Quantifind specialises in leveraging machine learning and data science to enhance KYC and AML efforts, helping financial institutions detect and mitigate risks effectively.

Sanctions screening is an integral aspect of AML practices, ensuring organisations do not inadvertently engage with entities or individuals subject to international or national sanctions, thereby avoiding facilitating unlawful activities.

As financial institutions navigate an increasingly complex regulatory environment, many are finding that cloud technology offers a reliable solution for future-proofing compliance efforts. The move to cloud-based financial crime compliance not only enhances agility but also helps institutions meet stringent regulatory requirements more effectively.

nCino, a leader in intelligent banking solutions, has announced a definitive agreement to acquire FullCircl, a top UK-based SaaS platform.

Key European RegTech investment stats in H1 2024: European RegTech investments halved in H1 YoY Investors diversify as eight countries represented in the top...

Graph databases and network analysis have become pivotal in the field of Anti-Money Laundering (AML), offering a sophisticated approach to understanding and disrupting financial...

Ever wondered why crypto wallets require your details during setup? This verification process is not just a formality; it's crucial for security.

KYC regulations serve as a critical safeguard in Mexico, a country identified by the U.S. Department of State as a major conduit for laundering money derived from drug trafficking, corruption, and other illegal activities.